The international financial crisis have the rules of finance changed? /
The recent global financial crisis has caused massive upheavals worldwide. The papers in this volume analyze whether financial principles seem to have shifted in recent years, and what that may mean for international financial markets and regulation. What "broke" in the current crisis? Is...
| Corporate Authors: | , |
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| Other Authors: | , , |
| Format: | Electronic |
| Language: | English |
| Published: |
Singapore ; Hackensack, N.J. :
World Scientific Pub. Co.,
c2011.
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| Series: | World Scientific studies in international economics ;
v. 14. |
| Subjects: | |
| Online Access: | https://ezaccess.library.uitm.edu.my/login?url=http://www.worldscientific.com/worldscibooks/10.1142/7865#t=toc |
Table of Contents:
- I. Special addresses. The international financial crisis : Asset price exuberance and macroprudential regulation / Charles L. Evans, Federal Reserve Bank of Chicago. Back from the brink / Christina D. Romer, Council of Economic Advisers. Getting the new regulatory framework just right : Six questions for policymakers / Jose Vinals, International Monetary Fund. Longer days, fewer weekends / Kevin M. Warsh, Board of Governors of the Federal Reserve System. Banking regulation : Changing the rules of the game / Philipp M. Hildebrand, Swiss National Bank
- II. What broke? The root causes of the crisis. The causes of the financial crisis and the impact of raising capital requirements / Martin Neil Baily and Douglas J. Elliott, Brookings Institution. Origins of the subprime crisis / Charles W. Calomiris, Columbia Business School and National Bureau of Economic Research. The role of the financial sector in the great recession / Michael Mussa, Peterson Institute for International Economics. What broke? The root causes of the crisis / Edwin M. Truman, Peterson Institute for International Economics
- III. Containing a systemic crisis : Is there really no playbook? Regulating systemic risk / Masahiro Kawai, Asian Development Bank Institute, and Michael Pomerleano, World Bank. Dealing with the crises in a globalized world : Challenges and solutions / Vincent R. Reinhart, American Enterprise Institute. Systemic risk : Is there a playbook? / Robert K. Steel, Wells Fargo & Co
- IV. Dealing with the crisis : The role of the state. Banking on the state / Piergiorgio Alessandri and Andrew G. Haldane, Bank of England. Liquidity risk and Central Bank actions during the 2007-2009 crisis / Francesco Papadia, European Central Bank, and Tuomas Valimaki, Suomen Pankki. The role of the state in a crisis / Phillip L. Swagel, Georgetown University. Comments : Panel on the role of the state / Peter J. Wallison, American Enterprise Institute
- V. What to do about bubbles : Monetary policy and macroprudential regulation. Financial instability and macroeconomics : Bridging the gulf / Claudio Borio and Mathias Drehmann, Bank for International Settlements.
- Is a less procyclical financial system an achievable goal? / Charles A. E. Goodhart, London School of Economics. Bubbles? / Allan H. Meltzer, Carnegie Mellon University. What to do about bubbles : Monetary policy and macroprudential regulation / Marvin Goodfriend, Carnegie Mellon University
- VI. Dealing with crises in a globalized world : Challenges and solutions. Dealing with crises in a globalized world : Challenges and solutions / Athanasios Orphanides, Central Bank of Cyprus. Global financial reform : Diagnosis and prognosis - A network approach / Andrew L. T. Sheng, China Banking Regulatory Commission. Dealing with cross-border bank distress : Some specific options for reform / Stijn Claessens, International Monetary Fund
- VII. How to make regulators and government more accountable : Regulatory governance and agency design. Making safety-net managers accountable for safety-net subsidies / Edward J. Kane, Boston College. Regulatory governance and agency design : An old topic, made extra relevant by the financial crisis / Michael Klein, Johns Hopkins School of Advanced International Studies. The sentinel : Improving the governance of financial policies / Ross Levine, Brown University and National Bureau of Economic Research. Holding regulators and government more accountable : Comments / R. Christopher Whalen, Institutional Risk Analytics
- VIII. Policy panel : Where do we go from here? Status quo? I hardly think so / Wayne A. Abernathy, American Bankers Association. Where do we go from here? / Anil K. Kashyap, University of Chicago. Suggested financial structure for developing countries / Justin Yifu Lin, World Bank. Comments on "where do we go from here?" / Deborah J. Lucas, MIT Sloan School of Management. Where to from here? Have the rules of finance changed? / John Silvia, Wells Fargo & Co.